The Ah Louis Store in San Luis Obispo, California, builds its holiday business on imported ornaments, décor, and small gift items. Co-owner Emily Butler said that in 2025 some merchandise arrived later than expected or landed at higher costs after President Donald Trump imposed unusually high taxes on imported goods, forcing the shop to work harder to turn browsing into…
At the China International Supply Chain Expo in Beijing, Nvidia CEO Jensen Huang took a cautious stance when asked about the resumption of H20 chip exports to China. Speaking to reporters, Huang made it clear that the decision to lift restrictions on Nvidia’s high-performance AI chip was not a result of his lobbying, but the outcome of government-level negotiations between…
White House Eases Restrictions Following CEO’s Push Nvidia announced it will restart sales of its advanced H20 artificial intelligence chip to China, signaling a shift in U.S. trade policy that could have major implications for the global tech industry. The decision follows a meeting between Nvidia CEO Jensen Huang and President Donald Trump, where Huang argued that continued restrictions on…
Despite major policy initiatives, U.S. manufacturing has yet to show a clear resurgence. Under President Joe Biden, federal subsidies and tax credits aimed at chipmakers and electric vehicle producers led to a brief boom. Between April 2021 and October 2024, factory construction surged as incentives encouraged domestic investment, tripling capital spending in some sectors. This wave of optimism, however, has…
Broader Deduction Aims to Ease Tax Burden in High-Tax States The new tax-and-spending-cut legislation brings a significant change for federal income tax filers: an increased cap on the state and local tax (SALT) deduction. This adjustment, raising the previous $10,000 limit to $40,000 for the 2025 tax year, represents a notable shift from the rules established under the 2017 Tax…
Ferrero Expands Into Breakfast With Bold Acquisition Italian confectionery giant Ferrero is making another major push into the North American food market, announcing a $ 3.1 billion deal to acquire WK Kellogg Co., the iconic cereal producer known for Froot Loops, Frosted Flakes, and Corn Flakes. The agreement, revealed on July 10, 2025, includes a cash offer of $23 per share,…
Seven Tariff Letters to Be Sent as August 1 Deadline Looms President Donald Trump has intensified his trade offensive by announcing that at least seven new tariff letters will be delivered to U.S. trade partners on Wednesday, warning that a strict deadline of August 1 will not be extended. This move is part of a broader strategy aimed at pressuring…
